What Works in Securities Laws?
Rafael La Porta,
Florencio Lopez‐ de‐silanes and
Authors registered in the RePEc Author Service: Florencio Lopez-de-Silanes ()
Journal of Finance, 2006, vol. 61, issue 1, 1-32
We examine the effect of securities laws on stock market development in 49 countries. We find little evidence that public enforcement benefits stock markets, but strong evidence that laws mandating disclosure and facilitating private enforcement through liability rules benefit stock markets.
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Working Paper: What Works in Securities Laws? (2006)
Working Paper: What Works in Securities Law? (2003)
Working Paper: What Works in Securities Laws?
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jfinan:v:61:y:2006:i:1:p:1-32
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